Ann: Security Purchase Plan Extended Awaiting Announcement, page-8

Good afternoon all,

The sale of the barge (assuming it goes ahead) will give nothing to the investors. The company is not making any money as it is not producing anything. At this stage it is only spend....on drilling......on wages.....etc.

There is no mine, gold or iron ore, so nothing will be produced.

When/if production begins then there might be something to be happy about. If the drilling shows up good quality, easy to mine gold close to Challenger then we may all be happy campers yet.

As has been the case for the last many years, all we can do is wait, although I am not sure that being a company whose expertise seems to be "looking for metals, but unable to dig them up" is a good selling point for future investors.

Cheers!
Catweasle